Atb Cap Markets Forecasts Weaker Earnings for Gibson Energy

Gibson Energy Inc. (TSE:GEI) – Investment analysts at Atb Cap Markets cut their FY2024 earnings per share (EPS) estimates for Gibson Energy in a research note issued on Wednesday, October 30th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $1.30 per share for the year, down from their previous forecast of $1.33. Atb Cap Markets also issued estimates for Gibson Energy’s Q4 2024 earnings at $0.33 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.41 EPS and FY2025 earnings at $1.64 EPS.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets boosted their target price on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut their price target on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. National Bankshares lifted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Raymond James set a C$28.50 price target on Gibson Energy and gave the stock a “strong-buy” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada lifted their price target on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Gibson Energy presently has a consensus rating of “Buy” and an average price target of C$26.00.

Gibson Energy Price Performance

GEI stock opened at C$22.95 on Friday. The business has a 50 day moving average price of C$22.63 and a 200 day moving average price of C$22.60. The stock has a market cap of C$3.74 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a fifty-two week low of C$19.42 and a fifty-two week high of C$24.33. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01.

Insider Activity

In related news, Director Curtis Philippon bought 23,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of C$22.03 per share, with a total value of C$506,690.00. In other Gibson Energy news, Director Margaret Cahill Montana acquired 3,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of C$21.52 per share, with a total value of C$73,168.00. Also, Director Curtis Philippon acquired 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Corporate insiders own 0.85% of the company’s stock.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s payout ratio is currently 154.72%.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.